201600463 - Laserfiche WebLink

Browse

2� 1 ��4�3 sentence� shall not apply�a the presen��, use, or storag��n�he Pr�per�y af smal� quan�i�ies of Hazardou� Su�stances that are generally rec�gn�zed to b�appropr�ate to narmal residen�ial us�s and�a�nain�enan��f �he Prflp�rty ��n��uding, but nat lirnited t�, hazardous substances in Cnnsum�r praducts�. Barrower shall promptly give Lender wr�tten no�ice�f�a} any xnves�igati�n, ciaim, �eman�., �awsu��or other action by an�go�ernmenta� or regu�atory a�enGy or private par�y �nvo�v�ng �he Proper�y and any Hazardous Subs�ance or En�ironmenta� Law o�wh�ch Borro�er has ac�ual knnr�v�e�ge, �b}any Env�ran.�m�n�a� �ond�tian, including�ut not limi�ed to, any spilling, �eaking, d�scharge, �r�leas�ar�hreat of releas�of axxy Hazardaus Substance, ar�d��} arly condit�on caused by the presen�e, u�e�r releas�of a�azardous Substan�e which ad�erse�y affects�he�a�ue of�he Proper�y. ��Borravver iearns, or�s�aot��d by any go�ernm�n�al or regula�ary au�hor�ty, or any pr�vate party, that any remova� or other remed�a��on of any Hazardous Subs�ance affecting the Proper�y �s necessary, Barrovver sha��promp�ly take all necessary reame��al acti�ns �n acc�rdance w�th Enviranmental La�v. Nothing here�n sha11 create any obligat�an on Lender f�r an En�v�r�nmenta� C�eanup. �Von-Un�farm �orrenants. Borr�wer and Lender cov�nant and agree as foll�ws: ��. Acce�erativn; Remedies. Lender�ha��g�ve nat�ce to Borrower prior t�acce�eration fo�lowing Barrawer'�breach of any covenant or agreernent in this Secur��y Ins�rument �but nat prior�o acce�era�ion under Sect�or� 1S un�ess Applicab�e Law pr��ides otherw�.se}. The n�t�ce shali spe�ify: �a} the default; �b} �he ac��on re�uired to cur�the default; �c} a date, not�ess�han 3U days from the date the notice is g�ven to Borrower, by which the defau�t must be�ured; and�d} �ha�fai�ure�n cure the default on or before the date spec�f�ed in�he notice rnay result in accelerat�on vf the sums secured by t��s�ecuri�y I�s�x��n��nd sa�e of th��~operty. 'The n.ot��a��f��the�inf��Bo�r�vve�r�f t�h� r�ght to reins�ate after acce�erat�on and the right to bring a court aCt�fln��ass�x-��he non�existence of a default o�-an�other deFense of Borrovver�o acceleration and�a��. If th�defau�t is not�ured on ar befor�the da�e specified�n�he no�ice, Lender at it�aption may require�nlrned�ate�aymen��n fu��of ai�sums secured b�thi�Secur�ty Instrum�nt w�thou�further demand and may�n�oke the pawer of�al� a�d any�ther remedies p�rnr�i�t�d by Applica��e Law. Lender shal�be en�itled�o cv�lect a��expen�es incurred�n pursu�ng the remedies prov�ded in this Sect�on��, including, �ut nat limited ta, reasanable attorneys� fee�and cos�s of tit�e eviden�e. If the power of sa�e is invok�d, Trus�e�sha��record a notice af defau�t�n ea�h Caunty�n wh�ch any part of�he Praperty i�lacated and sha�l ma��cap�es of such notic�in the manner prescr�bed by App��cable Law�a Borrawer and to the o�h�r persons prescribed�y Applicable Law. Af�er the�ime required by App��cab�e Law, Trustee sha��gxve pub��c not�ce of sale�o the per�ons and in the manner pre�cr�b�d by Appl�cable Law. Tru�tee, withou� d�mand an Borrov�ver, shall sell�he Pr�per�y at pub�ic auc�ian to�h�highe�t b�dder at�he time and p�ace and under�he�erms desxgnated in the notice of sa�e in one ar m�r�parcels and�n any�rder Trus�ee deterrnines. Trus�ee may pas�pone sale of a��vr any parcel oF the Property by pu��c ann�uncement at the��m�and p�ace af any prev�ous�y schedu�ed sa�e. LQn.der or its des�gnee ma� purchase�he Property a�any sa��. Upan r�ce�pt of payment af the price b�d, Trus�ee sha�� de��v�er�o tbe purchaser T`rus�ee's deed �on�eying the Proper�y. The rec�ta�s in the Trus�eQ's deed sha��be prima fac�e evidence�f the�ruth of the statements made�here�n. Trustee sha��app�y�he proceeds af the sale in the fv��o�ing order: �a) ta all cost�and expenses of exercising the power of sale, and the sa�e, xncluding�he payment of�he Trustee's fees a��ua��y�ncurred and reasonab�e at�orneys' fee�as perm��ted by A�piicable Law; �b} �a a�l sums secured�y th�s Security Ins�ruamen�; and �c} any�xcess�o the person or persons legal�y en�it�ed�o�t. NESRASKA-5inc�le Family-Fannie Mael�reddi�Mac UN�F�RM INSTRUMENT Farm 3�28 11�1 VMP� VMP6�NE)t13Q2� Wvtters Kluwer Financial Ser�ices Page�4 nf 17